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December 22, 2021

Citizen Energy III records 8.68% decrease in production in September 2021

By Carmen

Citizen Energy III recorded a decrease of 8.68% in total oil and gas production to 28,488.12 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Citizen Energy III grew 131.7% in September 2021 from 12,295 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production increased by 122.15% from the same period in 2020.

The company’s oil production declined 28.04% to 8,980.14 bd in September 2021 from the previous month, while gas production up by 4.23% to 113.15 mmcf/d. On a YTD basis, oil production decreased by 7.64% in 2021 when compared with the same period in 2020, while gas production. Out of the total oil and gas production in September 2021, oil production held a 31.52% share, while gas production held a 68.48% share.

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Looking at the states where Citizen Energy III recorded the highest oil and gas production in September 2021, Oklahoma figured at the top, accounting for a 100% share. The company produced 28,488.12 boe/d in the state in September 2021, a decrease of 8.68% from the previous month.

On a YTD basis, the company produced 278,358.13 boe/d in Oklahoma in 2021, recording an increase of 122.15% from the same period in 2020.



Citizen Energy III witnessed the highest oil and gas production in Canadian county in September 2021. Out of all the counties, Canadian county held a share of 40.14% for the firm. The company produced 11,434.75 boe/d in Canadian county in September 2021, a decrease of 22.68% in production when compared with the previous month.

On a YTD basis, the county produced 120,783.94 boe/d for the company in 2021, a 76.21% increase from the same period in 2020.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.

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